BlackRock (BLK) is preparing to launch a more than $30B artificial intelligence investment fund with its new infrastructure investment unit, Global Infrastructure Partners, and partner Microsoft (MSFT) to build data centers and energy projects stemming from AI, people briefed about the matter told Financial Times’ Brooke Masters, Antoine Gara and James Fontanella-Khan. Microsoft and MGX, the Abu Dhabi-backed investment company, are general partners in the fund, while Nvidia (NVDA) was providing expertise, the sources said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- BlackRock (BLK) and Partners Group Join Hands to Boost Retail Private Market Access
- BlackRock, Partners Group teams to launch multi-private markets models solutions
- BlackRock initiated with an Overweight at Wells Fargo
- MarketAxess announces expanded partnership with BlackRock
- BlackRock price target raised to $990 from $985 at Barclays